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Andhra Pradesh MedTech Zone Limited

Andhra Pradesh MedTech Zone Limited


Andhra Pradesh MedTech Zone Limited's financial review

Employees

120


Andhra Pradesh MedTech Zone Limited information

Medical device manufacturing sector has remained nascent, leading to tremendous import dependency. Lack of domestic manufacturing of medical devices is the main reasons for this import dependency and high cost of medical products and services in the country. To address this situation, Govt. of Andhra Pradesh aims to establish country's first Andhra Pradesh Medical Technology Zone (AMTZ) at Vishakh...
Medical device manufacturing sector has remained nascent, leading to tremendous import dependency. Lack of domestic manufacturing of medical devices is the main reasons for this import dependency and high cost of medical products and services in the country. To address this situation, Govt. of Andhra Pradesh aims to establish country's first Andhra Pradesh Medical Technology Zone (AMTZ) at Vishakhapatnam. The goal of this progressive initiative would be to make Andhra Pradesh an internationally recognized manufacturing hub for medical devices, help in national agenda of import substitution, make Andhra Pradesh a leader in medical technology exports, generate employment, and contribute to volume generated cost reduction of medical devices for patients. In a meeting organized on 6th Nov, 2015, The creation of such a zone is based on the fact that medical devices manufacturing requires certain high investment facilities which are too capital intensive for individual manufactures to invest upon. The zone with in-house high investment scientific facilities would help manufacturers reduce the cost of manufacturing by more than 40%-50%. Currently, due to lack of such centrally located sharable facilities, either manufacturers do not undertake production of technologies requiring them or send their products abroad for process up-gradation and value addition.Government of Andhra Pradesh has developed 270 acres of land for this project.The zone have included following facilities over an area of 270 acre:A. Component Testing centre.B. Electro-magnetic interference laboratory.C. Medical grade low vacuum molding, cabinet molding, injection molding centres.D. 3 D designing and printing for medical grade products.E. Sterilization & Toxicity testing centre.F. Radiation testing centre.G. Warehousing.H. Regulator's office.I. Other facilities commonly required in manufacturing of medical devices. J. IncubationCurrently it houses 120+ manufacturing partners

Andhra Pradesh MedTech Zone Limited industries

Medical device manufacturing
Scientific facilities
Biomedical engineering
Medical devices

Andhra Pradesh MedTech Zone Limited's financial review

Employees

120

Technologies

Email Providers
Load Balancers
CSS and JavaScript Libraries
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Notable Alumni

Employees

Event Consultant
Scientist E -AMTZ's Medical Equipments - Sales Services and Maintenance ( Online E-commerce Sales )
National Institute
Management Trainee Intern- Procurement

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